12
May

Late last year, a newly formed Bermuda-based biotech struck a deal to in-license a shelved Alzheimer’s drug from GlaxoSmithKline with plans to put it into Phase III. That late-stage study won’t start until the fourth quarter, but the newborn biotech, now operating as Axovant Sciences, has filed for a $172.5 million IPO, looking to cash in fast on the still-sizzling market for biotech stocks.

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Source: Financier looks to parlay a $5M Alzheimer’s deal into instant $172.5M IPO

    

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